Question
Your Two Stage Least Squares (2SLS) estimation is: log(Wagei)=5.48+0.08Edui,R2=0.35,Fstatistics=9.3. (0.01)(0.035) You also run the two stages for the 2SLS estimation separately and the first stage
Your Two Stage Least Squares (2SLS) estimation is:
log(Wagei)=5.48+0.08Edui,R2=0.35,Fstatistics=9.3.
(0.01)(0.035)
You also run the two stages for the 2SLS estimation separately and the first stage result is:
Edui=12.89+1.45Zi,R2=0.51,Fstatistics=12.8.
(0.02)(0.45)
If a college graduate decided to go to a master's program, that is, Eduiincreases from 16 to 18, by how much is Wageiexpected to change?
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OPEC Twenty Years And Beyond
Authors: Ragaei El Mallakh
1st Edition
1317244737, 9781317244738
